Hyperion Materials & Technologies celebrates its first year as an independent company

2021-11-22 08:32:19 By : Ms. Diana Li

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The global leader in hard and superhard materials prepares to continue to grow under KKR ownership

Worthington, Ohio, July 10, 2019 /PRNewswire/ - Hyperion Materials & Technologies, an advanced materials science leader responsible for pioneering manufacturing technology, recently marked its first year as an independent company after receiving investment from KKR. And is growing and developing on the way forward.

"In just one year, we consolidated our leadership team, established an independent business globally, and engaged all of our employees through the employee rights plan, all of which enabled us to focus more on innovating and creating the best for our customers. -First-class products," said Ron Voigt, CEO of Hyperion.

A recent example includes the spring launch of the BZN Compacts VS series, which features a series of new polycrystalline cubic boron nitride (PCBN) grades for manufacturing tools that can have a higher level of productivity in hardened steel turning and milling , Accuracy and consistency. Powder metal processing. Other key innovations include the industrialization of diamond-faced carbide valves and valve seat subassemblies in directional drilling tools for major oil and gas customers, and the development of unique concepts and solutions for ceramic cubic boron nitride (CBN) grinding applications .

As employee participation is a hallmark of the investment philosophy of KKR's industrial team, KKR and Hyperion recently launched the Hyperion Ownership Participation Program to further support employees and build a stronger company. The plan grants all employees equity in the company, supports training across multiple functional areas, improves worker safety, and supports participating communities.

In cooperation with KKR, Hyperion's growth plans include:

Although Hyperion Materials & Technologies is a relatively new name in the industry, the company has a wealth of expertise based on decades of important scientific breakthroughs, including the synthesis of the first synthetic diamond and the development of cemented carbide. Hyperion was founded in July 2018 and was born out of GE Superabrasives, Diamond Innovations and Sandvik Hard Materials.

To learn more, please visit HyperionMT.com and check Hyperion's profile on LinkedIn or YouTube.

Media Contact: David Means, Communications Specialist [Email Protection] 1 (614) 438-2396

SOURCE Hyperion Materials and Technology

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